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Int on plot can it be allowed as deduction

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(Querist)
05 February 2014 I had purchased a plot from a pvt bank can I avail interest as tax deduction if so under which section. I purchased the plot one year before. kindly advice
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CA Ghanshyam Joshi

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CA Ghanshyam Joshi (Expert)
06 February 2014 Not available for deduction, interest on loan taken for purchase of house properly is deductible

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